Product and Market Demand and Supply

Product and Market Demand and Supply

Product and Market Demand and Supply

Create headers for each of the five subtopics below:

1.Product and Market Demand and Supply: Create an imaginary company of your own with a name. Specify and describe the product(s) or services that the company would be selling. Identify your main market for the product/services and give a brief explanation of the demand that customers have for your product/services as well as the other suppliers in this market. 30 points

2.Inflation: Describe how inflation will affect your business, you will have to explain the impact of rising inflation rates on your costs of purchasing supplies etc., as well as the impact of inflation on the prices of the product/services you sell. 15 points 3.Fiscal Policy: Describe how the pandemic would affect your business bottom line in the past year, and how the CARES Act provisions would have helped you tackle some of the issues. (For example stimulus checks, unemployment payments for your employees, PPP loans for your business etc.) 15 points

4.Monetary Policy: As we learned, during a recession the Federal Reserve lowers interest rates on Federal Funds i.e. the rate at which banks lend to each other as well as the Discount rate the rate at which the Fed loans money to banks. This leads to a lowering of all interest rates. Explain how this would help your company get loans from banks. 15 points

5.International Trade: Explain the role international trade plays in your business (do you export your products/services, do you import some materials that you use in your business, how does trade policy in the US (tariffs etc.) and trade policy abroad affect your business, how does the value of the US dollar and changes in it affect your business. 15 points In addition to the topics and rubric above, there will be 10 points allocated for overall writing (please check for grammar spellings etc.).

Requirements: 3-4 pages, single-spaced

You must proofread your paper. But do not strictly rely on your computer’s spell-checker and grammar-checker; failure to do so indicates a lack of effort on your part and you can expect your grade to suffer accordingly. Papers with numerous misspelled words and grammatical mistakes will be penalized. Read over your paper – in silence and then aloud – before handing it in and make corrections as necessary. Often it is advantageous to have a friend proofread your paper for obvious errors. Handwritten corrections are preferable to uncorrected mistakes.

Use a standard 10 to 12 point (10 to 12 characters per inch) typeface. Smaller or compressed type and papers with small margins or single-spacing are hard to read. It is better to let your essay run over the recommended number of pages than to try to compress it into fewer pages.

Likewise, large type, large margins, large indentations, triple-spacing, increased leading (space between lines), increased kerning (space between letters), and any other such attempts at “padding” to increase the length of a paper are unacceptable, wasteful of trees, and will not fool your professor.

The paper must be neatly formatted, double-spaced with a one-inch margin on the top, bottom, and sides of each page. When submitting hard copy, be sure to use white paper and print out using dark ink. If it is hard to read your essay, it will also be hard to follow your argument.